Rediff Logo
 Money
Line
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding
                 Women
Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | TechJobs | Technology | Travel
Line
Home > Money > Reuters > Report
January 15, 2001 		Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      

 
Reuters
 Search the Internet
           Tips
E-Mail this report to a friend
Print this page

Grasim in talks to buy Birla cement units

India's third-largest cement maker Grasim Industries is in talks to buy all the other cement units belonging to the Birla group, becoming the nation's largest cement company by capacity, a financial daily reported on Monday.

The newspaper, without citing sources, said Grasim may buy the cement units of the B K Birla, C K Birla and S K Birla groups.

The Birlas are one of India's largest business families with a total combined cement capacity of over 15 million tonnes, more than current leader Larsen & Toubro, whose capacity totals about 15 million tonnes.

Grasim Industries is the flagship of the Aditya Birla group, widely considered the most successful Birla family.

A Grasim Industries spokeswoman was not immediately available for comment.

Grasim stock rose 0.26 per cent to Rs 292.75 by Monday midday, while the Sensex was down 0.16 per cent.

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report